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Author Topic: I have 10 btc stored in cold storage should i be concerned?  (Read 694 times)
artemus
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July 08, 2015, 10:45:12 PM
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with the recent news about the orphan block and what not I want to know if my bitcoin is safe. i stored it in a wallet a few months ago using a private key generated with bitaddress. its been stored in cold storage since and if there isnt any risk then i dont want to mess up the security and have to re do a private key.

so is the problem only to do with recieving btc? should i be concerned and take action?

because im not technical enough to understand im asking for your help.

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hooves
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July 08, 2015, 11:16:37 PM
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You are fine. anyone doing transactions should update to 0.10 though.
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July 09, 2015, 03:56:40 AM
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with the recent news about the orphan block and what not I want to know if my bitcoin is safe. i stored it in a wallet a few months ago using a private key generated with bitaddress. its been stored in cold storage since and if there isnt any risk then i dont want to mess up the security and have to re do a private key.

so is the problem only to do with recieving btc? should i be concerned and take action?

because im not technical enough to understand im asking for your help.



If you used bitaddress.com I would be worried, send your bitcoins to a fresh wallet made with bitcoin core or multibit.

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July 09, 2015, 08:13:52 AM
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Dont worry, your btc are safe  Smiley
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July 09, 2015, 09:13:52 AM
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i am stealing all your monies, right now,  as i type this

just need a bank sort code

BeastBTC
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July 11, 2015, 05:35:02 PM
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Cold storage will be fine, unless you want to move them to Coinbase Vault.
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July 11, 2015, 05:39:39 PM
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That depends.  Exactly how did you use bitaddress to create your wallet?  They have several methods.  Some are good, some can be really bad.

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July 11, 2015, 05:50:29 PM
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OP, if you generated your wallet online, directly on their website, I recommend you:

1* download https://github.com/pointbiz/bitaddress.org/archive/v2.9.9.zip
2* disconnect from internet
3* delete browser cache and unzip the folder
4* start it: bitaddress.org-2.9.9/bitaddress.org.html
5* generate couple of wallets and print them in 2 copies each
6* split 10 BTC from old wallet to more new wallets than one, five should be ok (you can use smartphone with mycelium for this action)
7* distribute wallets to 2 different safe locations, one copy to each one
8* delete folder bitaddress.org-2.9.9 broswer cache again
9* connect back to internet

you know, better safe than sorry and related to bitcoin, this is valid 10x more..
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